SINGAPORE (Jan 11): shopper360, the provider of shopper marketing services in the retail and consumer goods industries in Malaysia, reported a 37% decrease in 1H earnings to RM 2.9 million ($0.96 million) from a year ago.
The group’s 1H19 results was impacted by lower sales from Malaysia’s in-store media, higher costs of sales, and revenue from services which had lower gross margins.
Revenue for 1H19 increased 13% to RM 77.5 million primarily attributable to the increase in revenue contributions from the Sampling Activities and Events Management, and the Field Force Management segments, due to new projects from existing customers and new customers.
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